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Japan's coincident, leading indicator indices fall in August

Japan's coincident, leading indicator indices fall in August

FILE PHOTO: Pedestrians wearing protective masks amid the coronavirus disease (COVID-19) outbreak, make their way in Tokyo, Japan, February 2, 2021. REUTERS/Kim Kyung-Hoon

TOKYO : Japan's coincident indicator index extended a decline in August from the previous month, the government said on Thursday, although it said economic conditions were improving.

The index showing current economic conditions, compiled from data including factory output, employment and retail sales, fell 2.9 points from the previous month to 91.5 in August, the Cabinet Office said.

The index of leading economic indicators, used to predict the direction of the economy a few months ahead, fell 2.3 points in August to 101.8.

(Reporting by Yoshifumi Takemoto; Writing by Kantaro Komiya)

Source: Reuters

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